The most recent 13F filing that Cambridge Investment Research Advisors Inc. submitted with the Securities and Exchange Commission revealed that during the third quarter, the company’s holdings in AMMO, Inc. (NASDAQ: POWW) were reduced by 58.7%. The fund’s current holdings in the company amount to 58,693 shares after the sale of 83,568 shares of the company during the quarter. At the end of the most recent fiscal quarter, Cambridge Investment Research Advisors Inc. held approximately 0.05% of AMMO, equaling about USD 172,000 in value.
Recently, several prominent investors have altered the interests they currently hold in the company due to recent transactions. Quantbot Technologies LP invested approximately $45,000 during the year’s second quarter to purchase an increased ownership stake in AMMO. Virtu Financial LLC invested approximately $65,000 during the first three months of the year to further bolster its position in AMMO. During the second quarter, Independent Advisor Alliance achieved a 39.7% increase in the proportion of AMMO stock it owned. Independent Advisor Alliance is now the owner of 19,173 shares of the company’s stock after purchasing an additional 5,453 shares during the preceding quarter. Each share of the company’s stock is currently valued at $74,000. Ergoteles LLC invested approximately $79,000 in acquiring a new position in AMMO during the first three months of 2018. Last but not least, during the first quarter of 2018, Atria Wealth Solutions, Inc. invested approximately $85,000 to acquire a new holding in AMMO. 32.07 percent of the company’s stock is owned by institutional investors who have bought large blocks of stock.
When trading on POWW began on Tuesday, the stock was priced at $2.36. The value of the quick ratio is 2.01, the current ratio is 4.16, and the value of the debt-to-equity ratio is 0.03. All of these values are in comparison to one another. AMMO, Inc. has seen its share price go as low as $1.56 over the past 52 weeks, while it has reached a 52-week high of $6.05. The company’s beta value is 0.29, and its price-to-earnings ratio stands at 29.50. The company’s current value, as measured by its market capitalization, is $277.18 million. The moving average of the stock price over the past 50 days is $2.10, and over the past 200 days, the moving average of the stock price has been $3.30.
On November 14th, AMMO (NASDAQ: POWW) updated their investors with the most recent information regarding their earnings. For the quarter, the company reported earnings per share of $0.05, which was $0.07 less than the consensus estimate of $12. AMMO’s financial statements revealed that the company had a net margin of 4.94% and a return on equity of 11.87%. The company announced revenue for the quarter of $48.29 million, which is significantly lower than the $65.30 million anticipated by the industry experts as the amount that would be earned. AMMO, Inc. is expected to generate earnings of $0.28 per share this year, according to the forecasts of analysts who specialize in equity research.
POWW has been brought up in several different analyst reports as a topic of discussion. In a research note distributed on November 16th, EF Hutton Acquisition Co. announced that it would no longer recommend “buying” AMMO and would no longer have a price objective for the stock. The target price was lowered from $9.00 to $6.00. In a research report that was made public on November 15th, Roth Capital changed their recommendation for AMMO from “buy” to “neutral,” and they lowered their price objective for the stock from $6.00 to $3.00. Both of these actions were taken as a direct reaction to the recent movement in the stock price. Lake Street Capital stated its intention to reduce its price target for AMMO from $9.00 to $5.00 in a research note that was published on November 15th. TheStreet downgraded AMMO from a rating of “c-” to a rating of “d+” in a research report made available for public consumption on Thursday, December 1st.
AMMO, Inc. is in the business of producing and manufacturing ammunition and ammunition component items, in addition to selling these products to other manufacturers, as well as to law enforcement agencies, military organizations, hunters, and consumers looking for personal or home protection, sport and recreational shooters, and other manufacturers. This particular business makes several products that can be purchased, including STREAK Visual Ammunition, which enables shooters to see where the bullets they fire are going, and Stealth Subsonic Ammunition, which was created primarily for suppressed rifles. These types of ammunition can be found on the company’s website.
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